Bristow Group Inc (NYSE:BRS) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Other analysts have also issued reports about the company. Zacks Investment Research upgraded Bristow Group from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Barclays PLC restated a “hold” rating and issued a $10.00 price target on shares of Bristow Group in a report on Friday, August 11th. Credit Suisse Group restated a “hold” rating and issued a $10.00 price target on shares of Bristow Group in a report on Sunday, May 28th. Cowen and Company lowered Bristow Group from an “outperform” rating to a “market perform” rating and cut their price target for the company from $14.00 to $7.00 in a report on Friday, May 26th. Finally, ValuEngine upgraded Bristow Group from a “strong sell” rating to a “sell” rating in a report on Saturday, May 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $15.00.

Shares of Bristow Group (NYSE:BRS) opened at 8.57 on Friday. The stock’s market cap is $302.75 million. Bristow Group has a one year low of $6.21 and a one year high of $21.88. The stock’s 50 day moving average price is $7.45 and its 200-day moving average price is $11.21.

Bristow Group (NYSE:BRS) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.83) EPS for the quarter, beating analysts’ consensus estimates of ($1.11) by $0.28. The company had revenue of $352.10 million for the quarter, compared to analyst estimates of $299.93 million. Bristow Group had a negative return on equity of 6.83% and a negative net margin of 13.32%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.34) earnings per share. On average, equities analysts predict that Bristow Group will post ($3.44) earnings per share for the current fiscal year.

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In related news, insider Jonathan Baliff bought 6,500 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average price of $7.70 per share, with a total value of $50,050.00. Following the completion of the transaction, the insider now owns 67,344 shares in the company, valued at $518,548.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 10.00% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in BRS. Louisiana State Employees Retirement System increased its stake in Bristow Group by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the oil and gas company’s stock worth $100,000 after buying an additional 100 shares in the last quarter. Winslow Asset Management Inc. increased its stake in Bristow Group by 7.4% in the second quarter. Winslow Asset Management Inc. now owns 13,075 shares of the oil and gas company’s stock worth $100,000 after buying an additional 900 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Bristow Group by 87.9% in the second quarter. BNP Paribas Arbitrage SA now owns 14,117 shares of the oil and gas company’s stock worth $108,000 after buying an additional 6,604 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Bristow Group by 4.5% in the second quarter. Public Employees Retirement System of Ohio now owns 14,584 shares of the oil and gas company’s stock worth $112,000 after buying an additional 634 shares in the last quarter. Finally, Mason Street Advisors LLC increased its stake in Bristow Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 7,468 shares of the oil and gas company’s stock worth $114,000 after buying an additional 489 shares in the last quarter.

About Bristow Group

Bristow Group Inc is an industrial aviation services provider and helicopter service provider to the offshore energy industry. The Industrial Aviation Services segment’s operations are conducted primarily through four regions: Europe Caspian, Africa, Americas and Asia Pacific. The Europe Caspian region consists of all its operations and affiliates in Europe and Central Asia, including Norway, the United Kingdom and Turkmenistan.

Analyst Recommendations for Bristow Group (NYSE:BRS)

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